Category: Capital Market/Banking

Nigeria to raise $1B Eurobond
August 9, 2016 No Responses

Nigeria to raise $1B Eurobond

The Federal Government has concluded plan to raise $1 Billion from International Capital Market in 2016.   According to the Debt Management Office, the $1billion sale is the first tranche of a $4.5 billion Nigeria Global Medium-Term Notes Issuance Programme...
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AfDB approves $9m equity investment for SME’s in Nigeria
August 9, 2016 No Responses

AfDB approves $9m equity investment for SME’s in Nigeria

(NAN) The African Development Bank has approved a nine million dollar equity investment in the Fund for Agricultural Finance in Nigeria (FAFIN) to provide expansion capital to agricultural small and medium-sized enterprises (SMEs). This was contained in a pres...
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Interswitch honours FirstBank for Sustaining 100 Million Monthly Transactions
August 5, 2016 No Responses

Interswitch honours FirstBank for Sustaining 100 Million Monthly Transactions

By Moses Ebosele –  Interswitch Group has honoured First Bank of Nigeria Limited  as the first financial institution in the country to achieve sustained transaction volumes of 100 million transactions.  The development was first recorded in December 2...
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First Bank reiterates support for customers
August 4, 2016 No Responses

First Bank reiterates support for customers

By Moses Ebosele –   First Bank of Nigeria Limited has reiterated its resolve to strengthen its commitment to provide best financial solutions for customers.   The Bank in a statement on Wednesday said it has through the years demonstrated an...
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Shareholders laud CBN policy on cheque deposit into savings account
August 4, 2016 No Responses

Shareholders laud CBN policy on cheque deposit into savings account

By Moses Ebosele –    Shareholder activist and Co-Founder of Nigeria Shareholders Solidarity Association (NSSA), Alhaji Gbadebo Olatokunbo, has commended   recent Central Bank of Nigeria (CBN) directive approving payment of cheques into savings accou...
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Stanbic IBTC Bank expands SME capacity building initiative
August 4, 2016 No Responses

Stanbic IBTC Bank expands SME capacity building initiative

Following the enthusiastic participation by operators since the initiative was launched two years ago, Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has expanded the scope of its capacity building workshop for Small and Medium Scale Enterprises (SM...
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‘Beware of unregistered money transfer operators’
August 3, 2016 No Responses

‘Beware of unregistered money transfer operators’

By Moses Ebosele –      The Central Bank of Nigeria (CBN) on Tuesday cautioned Nigerians within and outside the country to beware of the unwholesome activities of some unlicensed International Money Transfer Operators (IMTOs) in Nigeria. In a statem...
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FCMB to brief Police on manager’s suicide
August 1, 2016 No Responses

FCMB to brief Police on manager’s suicide

The management of First City Monument Bank Plc (FCMB) is to cooperate with the police on the dealth of one of its manager, Olisa Nwakoby, who allegedly  committed suicide on Friday.  Nwakoby, who was until his death branch manager of...
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Skye Bank gets N100b lifeline
August 1, 2016 No Responses

Skye Bank gets N100b lifeline

The Central Bank of Nigeria (CBN) has approved over N100 Billion to shore up Skye Bank Plc operations and liquidity.   Managing Director of the Bank, Mr Tokunmbo Abiru who comfirmed the development explained that the CBN guarantee will not...
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Ijewere, Elumelu, Otti, others laud Oduoza’s tenure at UBA
July 31, 2016 No Responses

Ijewere, Elumelu, Otti, others laud Oduoza’s tenure at UBA

By Moses Ebosele –    The outgoing Managing Director of United Bank for Africa (UBA), Mr. Phillips Oduoza has been commended for his leadership qualities.   Speaking in Lagos at a book lauch, cross section of industrialists and philanthropists descri...
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Diamond Bank posts 25.5 % drop in profit
July 29, 2016 No Responses

Diamond Bank posts 25.5 % drop in profit

By Moses Ebosele –    For the first six months of 2016, Diamond Bank Plc recorded Profit After Tax (PAT) of N9.05 Billion, a decline of 25.5 per cent when compared to N12.3 Billion attained within same period in 2015....
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FBN Holdings announces new board appointments
July 29, 2016 No Responses

FBN Holdings announces new board appointments

 By Moses Ebosele –    FBN Holdings Plc has announced new Board appointments in the FBN Holdings Group, effective July 19 2016.   According to the financial institution, the appointments have been approved by the Board of Directors, “but remain...
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NSE launches recruitment portal
July 29, 2016 No Responses

NSE launches recruitment portal

By Moses Ebosele –  The Nigerian Stock Exchange (NSE) has launched an online portal to attract top talent and optimize its recruitment process.  NSE explained that the recruitment portal which is expected to enhance the Exchange’s recruitment capabil...
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UBA denies funding coup in Turkey
July 27, 2016 No Responses

UBA denies funding coup in Turkey

By Moses Ebosele –  Foremost financial institution, United Bank for Africa (UBA) Plc has described as spurious reported attempt to link it with the failed coup attempt in Turkey.  In a statement issued by its Head of Communications, Mr. Charles...
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